Document background
The House Ownership Contract serves as the primary legal instrument for transferring residential property ownership in Singapore. This document is essential for both public (HDB) and private property transactions, incorporating all necessary elements required by Singapore law. It details the rights and obligations of both parties, property specifications, financial terms, and completion requirements. The contract must align with Singapore's strict property regulations, including foreign ownership restrictions, stamp duty requirements, and specific HDB rules where applicable. This comprehensive agreement protects both buyer and seller interests while ensuring compliance with all relevant property legislation.
